* Here is some promising new from yesterday’s CCH daily tax news email:
“Two long-time opponents of outsourcing tax collection, Reps. Steven R. Rothman, D-N.J., and Chris Van Hollen, D-Md., introduced legislation on January 24 to terminate the IRS's privatization initiative.
Their bill, HR 695, would repeal the IRS's authority to contract with private debt collectors. Rothman and Van Hollen predicted at a news conference sponsored by the National Treasury Employees Union on January 25 in Washington, D.C., that the new Democratic-controlled Congress will vote to end the controversial privatization initiative. Similar legislation, Sen 335, has been introduced in the Senate.”
* An interesting article in this past Sunday’s Star Ledger reported that according to the NJ Hospital Association it is estimated that New Jersey hospitals will spend $275-$300 Million treating uninsured illegal immigrants.
* I was forwarded the following email message yesterday:
“JUST A REMINDER...8 days from today, all cell phone numbers are being released to telemarketing companies and you will start to receive sale calls. YOU WILL BE CHARGED FOR THESE CALLS. To prevent this, call the following number from your cell phone: 888-382-1222. It is the National DO NOT CALL list. It will only take a minute of your time. It blocks your number for five (5) years. HELP OTHERS BY PASSING THIS ON TO ALL YOUR FRIENDS OR GO TO www.donotcall.gov.”
I don’t have a cell phone, but if you do I would suggest you add its number to the DO NOT CALL list.
* An article in USA Today provides an update on the late 1099s I warned about in an earlier posting. Morgan Stanley, Merrill Lynch, Wachovia Securities, Edward Jones and Raymond James will be mailing out their 1099 statements late. While Fidelity and A.G. Edwards plan to mail 1099s on time, they do say information may need to be corrected.